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The maximum amount a consumer would be willing to pay for a given quantity of a good is the sum of the maximum price they would pay for the first unit, the (lower) maximum price they would be willing to pay for the second unit, etc. Typically these prices are decreasing; they are given by the individual demand curve, which must be generated by ...
First, the contingent payments may be subject to a stated maximum selling price, e.g., "5% of future profits up to a maximum of $1,000,000." In this case, the regulations require the seller to calculate the profit ratio by assuming that the maximum will actually be reached.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [ 1 ] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...
Include your car’s make, model, year, mileage, and any unique features it boasts. Share if you’ve done any recent maintenance or upgrades. A well-written ad can fatten your selling price by 10 ...
A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good (law of demand), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...
As these transactions are contingent on payments that occur in the future, and the total selling price cannot be determined as of the end of the taxable year of the sale, they are known as Contingent Payment Sales. [ 1] Because of the uncertainty surrounding the final amounts of these transactions, they are difficult to evaluate for the purpose ...
List of best-selling automobiles. The 1966 Volkswagen Beetle. It is the all-time best-selling car with only a single body style. Since the introduction of the Benz Patent Motorwagen in 1886, some passenger cars and light trucks can claim to being the highest selling vehicles in the automobile markets.
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